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, and any come police station in the deficit is just that. if we tear about making more solvent than it already is, vying for decades, extend decades more, we can do what you say, which is to merely say, hey, warren buffet, a billionaire, who only paces social security tax on the first $106,000 or so the income, raise that cap, and through raising the cap, sing the measure alone, we can, you know, solve any social security issues that people have. on medicare, what you said is interesting. i point to one other reform that will be more out there for us which is dick durbin said this in a speech to center of progress, and if we negotiate with the drug companies for lower rates, use a scale to negotiate lower rates, which due to lobbying pressure, they are prohibited by law from doing right now, allow that one step, we save $130 billion for taxpayers, essentially stopping big corporations from ripping off taxpayers by $130 million. is that entitlement reform? can we address that? yes, that's great. we'd love to stop ripping off taxpayers. is it
, and any come police station in the deficit is just that. if we tear about making more solvent than it already is, vying for decades, extend decades more, we can do what you say, which is to merely say, hey, warren buffet, a billionaire, who only paces social security tax on the first $106,000 or so the income, raise that cap, and through raising the cap, sing the measure alone, we can, you know, solve any social security issues that people have. on medicare, what you said is interesting. i...
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fiscal year two thousand and seven the budget deficit was one hundred sixty one billion dollars for the entire year since two thousand and nine every year and we're growing at a twenty thirteen it's going to be this way this year to get over one trillion dollars you know that demonstrates it demonstrates we have a spending problem that demonstrates we have a jobs problem that when people are employed they are paying taxes and when people are not employed we are in a government really great i am green thing it can to kill jobs you have a jobs problem that then it leads to a deficit problem but the government keeps spending so you end up to the various we have we have we have a crash we have the bush great depression and then on top of that four years of every single significant effort to bring jobs back to the united states to to reward companies that in stores jobs and take away the incentive for companies this is you know this is a president have you done deliberately by republican this president has you double down on by expanding government expanding spending and spending where he ha
fiscal year two thousand and seven the budget deficit was one hundred sixty one billion dollars for the entire year since two thousand and nine every year and we're growing at a twenty thirteen it's going to be this way this year to get over one trillion dollars you know that demonstrates it demonstrates we have a spending problem that demonstrates we have a jobs problem that when people are employed they are paying taxes and when people are not employed we are in a government really great i am...
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Jan 9, 2013
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two years ago, we faced the single largest per capita deficit in the nation. it was decades in the making. getting our fiscal house in order was critical to create jobs. connecticut employers needed a responsible and predictable parliament in state government. we came together and passed a balanced budget. we cut more than we added in revenues. today, our budget six more than 90% of the problem. democrats and republicans came together to make sure we close that gap without raising taxes. anyone who tells you that the budget we passed two years ago did not do its job, that it did not make real change in how we approach our finances is not telling the truth. many of you cast very heart of votes to fix those problems. that is kind of resolve and leadership we are bringing back to connecticut. we have made the tough decisions along the way. after years of underfunding of her pensions, a 4.5 billion dollar payment would have been required in the year 2032, more than four times what we pay. that payment would have been impossible. last year, we restructured payments
two years ago, we faced the single largest per capita deficit in the nation. it was decades in the making. getting our fiscal house in order was critical to create jobs. connecticut employers needed a responsible and predictable parliament in state government. we came together and passed a balanced budget. we cut more than we added in revenues. today, our budget six more than 90% of the problem. democrats and republicans came together to make sure we close that gap without raising taxes. anyone...
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Jan 5, 2013
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each year we have a deficit. in other words, when we spend more than we take in each year, that adds to the debt. we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we have to have real reduction so we get the deficit under control so we don't continue to increase the debt the debt reduced over time. host: our guest john hoeven is former president and ceo of the bank of north dakota and a graduate of dartmouth and went to northwestern university. on facebook -- guest: i think, again, we've got to get to the point where we are moving the legislation across the floor in a clear, open, transparent manner where it is debated, the public is aware of what is getting funded and what is not getting
each year we have a deficit. in other words, when we spend more than we take in each year, that adds to the debt. we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. any agreement, we...
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i signed a lot, $1.70 trillion deficit reduction. one of the largest deficit- reduction bills passed by congress in over a decade. i believe we can find more places to cut spending without shortchanging things like education, research, and technology, all of which are critical to our prosperity in the 21st century economy. spending cuts must be balanced with more reforms to our tax code. the wealthiest individuals and the biggest corporations should not be able to take advantage of loopholes and deductions that are not available for most americans. one thing i will not compromise over is whether or not congress should pay the tab they have racked up. if congress refuses to give united states the ability to pay its bills on time, consequences for the entire global economy could be catastrophic. the last of congress threatened this course of action, our entire economy suffered. i congratulate the newly sworn in members of congress. i look forward to working with the new congress and a bipartisan way. if we focus on the interests of our
i signed a lot, $1.70 trillion deficit reduction. one of the largest deficit- reduction bills passed by congress in over a decade. i believe we can find more places to cut spending without shortchanging things like education, research, and technology, all of which are critical to our prosperity in the 21st century economy. spending cuts must be balanced with more reforms to our tax code. the wealthiest individuals and the biggest corporations should not be able to take advantage of loopholes...
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some are proposing using one trillion dollars to pay this year's budget deficit. those against the coin idea... mike quickly snagged an influential assignment in the new congress. he will be the only member from illinois to serve on that panel. in an attempt to reach a compromise on pension reform in illinois willing to back off a proposal that will shift pension costs for suburban in downstate teachers. quinn says that he hopes madigan ships on who pays the pension costs will lead to a breakthrough on a pension reform. quentin and legislative leaders are scheduled to meet tomorrow afternoon to discuss pension reform it's believed it's sometimes easier to pass it difficult legislation in this waiting days of the session. the head of chicago immunizations will talk to us on how it looks so far. a pilot arrested moments before his plane was supposed to take off what police followed him into the cockpit. up until three years ago 43 old lisa m. russo didn't think she needed the flu vaccine. my kids were healthy but then in november 2009 she got the flu. chills body ac
some are proposing using one trillion dollars to pay this year's budget deficit. those against the coin idea... mike quickly snagged an influential assignment in the new congress. he will be the only member from illinois to serve on that panel. in an attempt to reach a compromise on pension reform in illinois willing to back off a proposal that will shift pension costs for suburban in downstate teachers. quinn says that he hopes madigan ships on who pays the pension costs will lead to a...
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Jan 11, 2013
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deficits are reflected and that's when you calculate that long-term deficit of the united states. you could say we will pay what we will pay and that is it. and the benefits are not affordable in the future. host: the caller brought tax rates. guest: they are going to pay more. that is understood. there wasn't a huge push back there. the president ran on that. he promised to raise tax rates. the concern that exist in business leaders would be whatever you do with tax rates or spending or with the priorities, let's try to think about how we can get the united states fully competitive so we can have more robust economic growth in this country. that is everything from how you do the implementation, affordable care act, dodd-frank, where we go in the future with regard to trade policy. this is a very complex economy. the perfect time to be doing a lot more of the building of our nation's infrastructure. of our competitors have been hard at that. we're falling behind. that will make us more competitive in the future. at the same time, we have to think about the future. can we continue
deficits are reflected and that's when you calculate that long-term deficit of the united states. you could say we will pay what we will pay and that is it. and the benefits are not affordable in the future. host: the caller brought tax rates. guest: they are going to pay more. that is understood. there wasn't a huge push back there. the president ran on that. he promised to raise tax rates. the concern that exist in business leaders would be whatever you do with tax rates or spending or with...
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on record for saying deficits don't matter in spending on the war on tear is down. good money after bad for green batteries is not in here he wins a pulitzer prize but yet not to a cabinet position. turning down a job he was never offered doesn't that make you think twice about what he writes? maybe he has nothing to offer. i turn down the nobel prize. consider o'reilly. i will see you january 26th. ashley: next is mony with france france. melissa: i'm melissa francis and here is what is mony tonight. the drop-dead date for. >>. >> taxpayers are wondering are you kidding aig? it is thanking america for the massive bailout but now it might join a multibillion-dollar lawsuit against the u.s. government. we have the bizarre details on this one coming up. >>> i think i found my next vacation. people across the country are storming florida for a python hunting contest. sounds great. this might be the most insane competition in america. we have the star of gnat geowild's python hunters, joins us to explain. even when ey say it's not it is always about money. melissa: firs
on record for saying deficits don't matter in spending on the war on tear is down. good money after bad for green batteries is not in here he wins a pulitzer prize but yet not to a cabinet position. turning down a job he was never offered doesn't that make you think twice about what he writes? maybe he has nothing to offer. i turn down the nobel prize. consider o'reilly. i will see you january 26th. ashley: next is mony with france france. melissa: i'm melissa francis and here is what is mony...
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. >> boehner says he plans to focus on the federal deficit during this term. >>> one of the first items of business for speaker boehner an aid package for hurricane sandy victims. later the house will vote on a $9.7 billion bill to replenish the national flood program to provide relief for homeowners flooded out by the storm. fema says it will run out of money next week if congress doesn't give it additional buying authority. boehner faced bipartisan criticism this week for failing to bring the measure to the floor. >>> secretary of state hillary clinton is reportedly recovering well after being released from a hospital this week. while clinton is recouper rating at home, she's also working. a spokesman said she called into a meeting of the advisory board. secretary clinton spent three days in the hospital being treated for a blood clot being a follow-up for a concussion she suffered last month. mrs. clinton plans to return to work next week. >>> well, president obama is continuing his holiday vacation in hawaii. the president treated his daughters to some bowling and an iconic hawaiian
. >> boehner says he plans to focus on the federal deficit during this term. >>> one of the first items of business for speaker boehner an aid package for hurricane sandy victims. later the house will vote on a $9.7 billion bill to replenish the national flood program to provide relief for homeowners flooded out by the storm. fema says it will run out of money next week if congress doesn't give it additional buying authority. boehner faced bipartisan criticism this week for...
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we can put together a plan that over time actually gets this deficit down. but you can't do it month by month and threat by threat. >> congressman john garamendi, california, great to have you with us tonight. thanks so much. >> always, ed, you it. >> remember to answer tonight's question there at the bottom of the screen. share your thoughts with us on twitter @edshow and on facebook. we always want to know what you think. coming up, john boehner got a good scare today during the vote for house speaker. richard wolffe tells us what today's circus means for the country going forward. but first, today was the official swearing in day for the senate. vice president joe biden did the honors. and he also did some glad-handing with the families of senators. this is how he handled meeting republican wyoming senator john barrasso and his mother. >> hey, ma. >> hey. >> how are you? good to see you. i'm joe biden. well, i -- >> she liked cheney better. >> i'm 60 years old, so take care. watch where you're walking. >> would you take a picture of this? >> tell him. >>
we can put together a plan that over time actually gets this deficit down. but you can't do it month by month and threat by threat. >> congressman john garamendi, california, great to have you with us tonight. thanks so much. >> always, ed, you it. >> remember to answer tonight's question there at the bottom of the screen. share your thoughts with us on twitter @edshow and on facebook. we always want to know what you think. coming up, john boehner got a good scare today during...
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he's very serious about responsible deficit reduction. he has signed in to law significant deficit reduction already, but he insists we do it in a balanced way because he does not believe it's fair to ask only some sectors of the population, seniors, children who have disabled parents, kids trying go to college to bear the burden alone of the kinds of choices we need make. that's why he hopes to engage congress, republicans and democrats alike, in a process that leads to more deficit reduction that includes the kind of balance that was enshrined in the agreement recently reached over the fiscal cliff. >> [inaudible] what leverage he would have since he's not going to negotiate with them. he pointed to the business community in hopes they would brick pressure to bear on the republicans. do you see that happening? >> from the business community i would be surprised if anybody in the world of finance or business in this country or anywhere would welcome the perspective of default. i would expect they would, you know, i would hope they would
he's very serious about responsible deficit reduction. he has signed in to law significant deficit reduction already, but he insists we do it in a balanced way because he does not believe it's fair to ask only some sectors of the population, seniors, children who have disabled parents, kids trying go to college to bear the burden alone of the kinds of choices we need make. that's why he hopes to engage congress, republicans and democrats alike, in a process that leads to more deficit reduction...
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let's not pretend gramm the is responsible for our deficit -- grandma is responsible for our deficit. getting the same prescription drugs by simply allowing medicare and medicaid to negotiate, that would be spending cuts and would impact the big guy, not the little guy. right now, in the name of family farmers, we subsidize giant agricultural corporations. elizabeth warren talked about a balanced approach talking about increasing revenue of the rich, and let's cut wasteful military spending. all of that is spending cuts. corporate welfare is spending cuts. that should be on the table, not people on minuscule incomes on the chopping block, and pretend that they are somehow responsible. we say the president got everything he want, and our organization has a track record of holding the present responsible. i will give him credit for oftentimes republicans forcing him to change his plans, then the new plan does not work, and they say he got everything he wanted and it did not work. how about we have the public option? host: eddy. massachusetts. caller: elizabeth warren sounds just like te
let's not pretend gramm the is responsible for our deficit -- grandma is responsible for our deficit. getting the same prescription drugs by simply allowing medicare and medicaid to negotiate, that would be spending cuts and would impact the big guy, not the little guy. right now, in the name of family farmers, we subsidize giant agricultural corporations. elizabeth warren talked about a balanced approach talking about increasing revenue of the rich, and let's cut wasteful military spending....
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. >> he talked about his approach to reducing the deficit. let's take a look at this. >> i believe we can find more places to cut spending without short changing things like education, job training, research and technology. all of which are critical to prosperity in the 21st century economy. they must be reformed. >> what does the white house try to get what the president wants out of his next budget showdown? >> they have already put part of their strategy into motion which is basically getting republicans to compromise on the tax issue. remembering in the budget battle, they got them to increase taxes on wealthier americans and think that has set a precedent for moving forward for including new revenues and spending cuts and see president obama hitting the road. taking his message in the weekly address out to the people. i'm told we will see him start to do that soon after the inauguration. alex. >> kristen welker, save travels when you head home. thank you so much. >> thank you. >> joining me is amy barnes and felisha sonez. >> good mornin
. >> he talked about his approach to reducing the deficit. let's take a look at this. >> i believe we can find more places to cut spending without short changing things like education, job training, research and technology. all of which are critical to prosperity in the 21st century economy. they must be reformed. >> what does the white house try to get what the president wants out of his next budget showdown? >> they have already put part of their strategy into motion...
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out there, then we have to close this deficit. and why are you going after the poor instead of people who own yachts, independent oil and gas companies, places that have huge amounts of wealth and don't need subsidies? >> david cay johnston, great to have you on "the ed show." thank you so much. >>> coming up, as we count down to another debt ceiling deadline, more republicans come out in support of a government shutdown. the gop's misinformation campaign continues. john nichols joins me with that discussion. >>> and later, the white house has a tough road ahead on gun control. now the administration is getting pushed back from some democrats. i'll talk with val demmings, former chief of police in orlando, florida. stay tuned. officemax can help you drive supply costs... down... ...and down. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... ...at officemax. iimagine living your life withss less chronic low back pain.. imagine you with less pain. cymba
out there, then we have to close this deficit. and why are you going after the poor instead of people who own yachts, independent oil and gas companies, places that have huge amounts of wealth and don't need subsidies? >> david cay johnston, great to have you on "the ed show." thank you so much. >>> coming up, as we count down to another debt ceiling deadline, more republicans come out in support of a government shutdown. the gop's misinformation campaign continues....
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. >> one of the scandal is not the deficits, but the fact that federal government collects 2.5 trillion. with the consumption or sales tax, this is the lone way we can limit how much money gets to the federal government and more businesses would be created and jobs and the federal government would not be penalizing our work and we would get more work and jobs. >> sounds good to me, rick, to you? >> here's the problem. i will not touch incredibly regressive nature of this. >> by regressive, it hits the poor more than the rich? >> exactly. put the brakes on a economy, imagine what happens here. first of all, to keep the revenue neutral, you are looking at a 20 or 30 percent sales tax . add that to the state tax that governor gindale wants to add. no one will be able to afford it or go shopping. >> steve, this is a country of experiment ground . the states experiment with things that mig do better. >> there are 9 states who don't have a personal income tax. you compare the state of vermont with the state of new hampshire. new hampshire has no sales tax or personal income tax and does bette
. >> one of the scandal is not the deficits, but the fact that federal government collects 2.5 trillion. with the consumption or sales tax, this is the lone way we can limit how much money gets to the federal government and more businesses would be created and jobs and the federal government would not be penalizing our work and we would get more work and jobs. >> sounds good to me, rick, to you? >> here's the problem. i will not touch incredibly regressive nature of this....
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take a listen. >> we're the healthiest horse in the gluery right now, the trajectory of debt, deficit and interest will match any of the pig countries, portugal, italy, spain, match it. we are lots bigger. >> accurate in. >> it is an interesting way to say it but that is what house republicans are trying to get across but the divide is how you do it. do you cut medicare, medicaid, social security. one thing noam said is the president is going to take to the pulpit. we have seen it in the house that they are less willing to work with them if he is pounding congress time and time again. it makes for tough negotiations when the guy you are trying to cut a deal with is going to the road and campaigning against you specifically. it is a delicate balance that they have to strike as they go forward with the debt ceiling. >> we will have you guys back a little bit later in the hour if you don't mind. >>> a defiant syrian president blaming outside forces including al qaeda for the violence. bashar al assad dismissing any prospect of meeting with the rebel leaders. was anyone at all surprised t
take a listen. >> we're the healthiest horse in the gluery right now, the trajectory of debt, deficit and interest will match any of the pig countries, portugal, italy, spain, match it. we are lots bigger. >> accurate in. >> it is an interesting way to say it but that is what house republicans are trying to get across but the divide is how you do it. do you cut medicare, medicaid, social security. one thing noam said is the president is going to take to the pulpit. we have...
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we have begun to roost -- to reduce our deficit through a mix of spending cuts and a tax system that when we came in was too skewed toward wealthy americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, tim has been a wonderful friend and a dependable adviser throughout these last four years. there is an unofficial saying over at the treasury "no peacocks, no trucks, no wiener's -- no jerks, no whine rs." that would be a good saying for all of washington. some -- no one embodies that better than tim geithner. i had to get on my knees two years ago to convince him to stay on a little bit longer, and i could not be more grateful to carol and the entire geithner family for allowing him to make the sacrifices that are cabinet members ask of their families in serving their country. the fact is, while a lot of work remains, especially to build new pathways for working folks to rise into the middle class, our position is better for tomorrow than most of th
we have begun to roost -- to reduce our deficit through a mix of spending cuts and a tax system that when we came in was too skewed toward wealthy americans. when the history books are written, tim geithner is going to go down as one of our finest secretaries of the treasury. [applause] don't embarrass him. [laughter] on a personal note, tim has been a wonderful friend and a dependable adviser throughout these last four years. there is an unofficial saying over at the treasury "no...
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put it toward the deficit. there are a lot of ways we can reduce the deficit instead of making the poor people pay so the rich can get their entitlements. it does not make sense to me. this is a great country. i have certain of this country. we should not make the poor and handicap have to deal with it. if we do not tighten up our infrastructure, our education. we are 25th in math. it is unreal. where do they think we will grow if we have nothing to show? we have idiots in congress. there is more greek than anything else. host: you mentioned the republican position on future taxes. here is what the washington post says -- this is from abc's this week with george stephanopoulos. --nator mcconnell said jen, maryland, democrat. what do you think about tidying spending to a debt limit increase? caller: i do not think we have the correct information to make that decision. the us government does not have a rational accounting system. if we buy a house, we fund it with debt over time. we borrow. in the us, if we build
put it toward the deficit. there are a lot of ways we can reduce the deficit instead of making the poor people pay so the rich can get their entitlements. it does not make sense to me. this is a great country. i have certain of this country. we should not make the poor and handicap have to deal with it. if we do not tighten up our infrastructure, our education. we are 25th in math. it is unreal. where do they think we will grow if we have nothing to show? we have idiots in congress. there is...
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each year we have a deficit. in other words, when we spend more than we take in each year, that adds to the debt. we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. by law, the house and senate meets on january 6, but this year, congress changed it. a let doo electors met last month. today those votes will be candid. no surprises here. the unofficial vote as the president at 332, mitt romney at 206, 270 votes needed to become president. during us is -- joining us is reid wilson. under the constitution, this has to happen, so we will see it unfold today. >> it is the pomp and circumstance, and when we step into the ballot box, we did not vote for the president, we vote for the people who will be voting for
each year we have a deficit. in other words, when we spend more than we take in each year, that adds to the debt. we are at the point where the debt ceiling need to be raised. what we did the last time this came up was replaced the budget control act and said that for any $1 increase in the debt limit, we've got to have a $1 deduction in spending, because we've got to get our fiscal house in order. that's what we are talking about as we go into the debt ceiling discussion. by law, the house and...
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raise the debt ceiling and do the right thing on the deficit. they have to get to it. melissa: i don't know. fantastic power panel. thanks to all three of you for spending your time with us, really appreciate it. so here's a twist you might not have expected. we told you about aig's thank you america ad campaign for its $182 billion bailout. well now aig's board of directors is looking into whether it will join a lawsuit against uncle sam over that same bailout. it is in response to a shareholder lawsuit against the government. claiming that when it took control of aig shareholders were deprived of private property worth billions of dollars without proper compensation. some are wondering, are they serious? joining me to make sense of it is seth, founding parter in of the firm. let's get right to it. people are painting aig as the villain in all this. they aren't necessarily because the original lawsuit was brought by hank greenberg, who is no longer the ceo of the company. explain that to us. >> sure. so hank greenberg, who leads starr international, the plaintiff who
raise the debt ceiling and do the right thing on the deficit. they have to get to it. melissa: i don't know. fantastic power panel. thanks to all three of you for spending your time with us, really appreciate it. so here's a twist you might not have expected. we told you about aig's thank you america ad campaign for its $182 billion bailout. well now aig's board of directors is looking into whether it will join a lawsuit against uncle sam over that same bailout. it is in response to a...
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you cannot cut the deficit, at all if that is the aim, to cut the debt and the deficit, you cannot do it without spending cuts as painful as that is. >>jamie: so are we working for the government? >>guest: it feels that way. yes. the issue is, what incentive do you have to work more if you are taxed more, if you are giving it to the government. that is why, that is the whole issue in capitalism versus socialism. if you don't have an incentive to work harder, where does that leave you? >>jamie: i have 30 seconds left, is this the new normal for america? >>guest: i think so. right now, it is so polarized and this is such a difficult choice to make, if the people we hire to make the choices keep putting it off and keep delaying and not cutting spending, yes, the new normal is a good way to put it. >>jamie: we always check bulls and bears because we learn a lot. great to see you, brenda, don't miss her on saturdays at 10:00 a.m. >>gregg: we are approaching the late former president nixon's 100th birthday, with events looking back at his complicated legacy with dominic live from his birthp
you cannot cut the deficit, at all if that is the aim, to cut the debt and the deficit, you cannot do it without spending cuts as painful as that is. >>jamie: so are we working for the government? >>guest: it feels that way. yes. the issue is, what incentive do you have to work more if you are taxed more, if you are giving it to the government. that is why, that is the whole issue in capitalism versus socialism. if you don't have an incentive to work harder, where does that leave...
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we basically decreased the deficit by $40 billion on over a trillion dollar deficit. that's less than 4%. we have done nothing so far. >> dick, what do you think the role of business should be in this debate? the reason i ask is where so many business people, including yourselves and others, who lined up during the fiscal cliff debate, to really try to influence the discussion. you had the obama administration in its own way trying to reach out. but in the end, most executives i talked to said the obama administration just paid it lip service. they did these phone calls. they had us up, and then nothing happened. and virtually everybody, no matter what party you were on, or part of, seemed to be ultimately disappointed. >> yes. i think we're -- i don't think you can talk to washington. i'm convinced now that neither party is listening. they're listening to themselves. and i really think what the business community has to do. in fact anybody who wants to see the right thing being done is just have to start talking to the general public about how serious this is and hav
we basically decreased the deficit by $40 billion on over a trillion dollar deficit. that's less than 4%. we have done nothing so far. >> dick, what do you think the role of business should be in this debate? the reason i ask is where so many business people, including yourselves and others, who lined up during the fiscal cliff debate, to really try to influence the discussion. you had the obama administration in its own way trying to reach out. but in the end, most executives i talked to...
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Jan 4, 2013
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jobs here at home and in the prosperity of our people as we build our infrastructure and we reduce the deficit. we must ensure that innovation rests at the heart of our success. that we remain first in science, technology engineering and energy. that we educate and prepare our young people for the opportunities of tomorrow. when we make it in america, all of america's families can make it in america. [applause]. the strength of our democracy also demands that we restore the confidence of the american people in our political process. we must empower the voters. we must remove obstacles of participation in our democracy for all americans. we must increase the level of civility and reduce the role of money in our elections. when we do, we will elect more women, more minorities, more young people to public office and that's a good thing. [applause]. the american people are what make our country great. by in large the united states is a nation of immigrants. built and strengthened by men, women and children who share our patriotism and seek the american dream. the strength of our democracy will be
jobs here at home and in the prosperity of our people as we build our infrastructure and we reduce the deficit. we must ensure that innovation rests at the heart of our success. that we remain first in science, technology engineering and energy. that we educate and prepare our young people for the opportunities of tomorrow. when we make it in america, all of america's families can make it in america. [applause]. the strength of our democracy also demands that we restore the confidence of the...
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Jan 6, 2013
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defense, medicaid, medicare and social security, which doesn't add to our deficit. social security is taken out. i don't mind paying taxes. but the republicans and democrats, they really have to just sit down and deal with it. none of them want to deal with their particular constituency. republica republicans, you know, most of them are aligned to defense. we have to cut our defense. we spend more money than all the top 10 countries behind us combined. there's got to be a better way to do it. host: thanks for the call. guest: well, i think there's got to be some savings in defense and in entitlement programs. it is becoming a burden that is crowding out other spends and the growth cap is a shoot through the roof. we have to look at entitlement programs and look at social security in the long term. right now it has a slight surplus but that is des continued to become a problem for us. we made a lot of promises the last 50 years and a lot of them are becoming due and we have to rethink the size and scope of the federal government and our commitment to it. spend being
defense, medicaid, medicare and social security, which doesn't add to our deficit. social security is taken out. i don't mind paying taxes. but the republicans and democrats, they really have to just sit down and deal with it. none of them want to deal with their particular constituency. republica republicans, you know, most of them are aligned to defense. we have to cut our defense. we spend more money than all the top 10 countries behind us combined. there's got to be a better way to do it....
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Jan 5, 2013
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so to the government's by its caupting there isn't a deficit so much. as far as your point about taxpayers go, while there was some suggestions that perhaps every taxpayer should get a share of general motors when they buy a car, i think economists would look at it the other way as input not output meaning that what the bailout bought america is two auto makers, a financed company and their production and supply chain throughout the united states that employ hundreds of thousands of people either directly or indirectly. go back to before the bailout you had studies saying that should gm and chrysler fail and damage ford, more than 1 million jobs would be lost going into the recession. what the bailout bought was these two companies remain in the united states producing vehicles and producing rd engineering and technology that they can sell around the world. host: one more call, jacksonville, florida. tony republican line. caller: i was cures to know where we're at with -- curious to know where we are with natural gas. guest: you have some vehicles and s
so to the government's by its caupting there isn't a deficit so much. as far as your point about taxpayers go, while there was some suggestions that perhaps every taxpayer should get a share of general motors when they buy a car, i think economists would look at it the other way as input not output meaning that what the bailout bought america is two auto makers, a financed company and their production and supply chain throughout the united states that employ hundreds of thousands of people...
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on the dealt or deficit, no time now to debate gun control. biden said there's no time to waste. he called gun controlled a vo cats to the white house and vice president biden promised quick work by his task force. >> the president and i are determined to take action. >> reporter: almost a month after the the newtown massacre, 20 children killed, gun rights advocates are pushing back. some arguing teachers should be armed. >> the bad guys, they are chicken. they are not going to go into a room with people full of guns. >> reporter: opposing new efforts to ban assault weapons and high-capacity clips, gun owners will rally in washington. >> you cannot infringe upon people's right to bear arms in this country. >> reporter: it's clear, gun control alone cannot win. the issue's bigger. >> if we don't deal with the stub stance abuse issues and mental health issues this lead to violence, we are shortchanging this conversation. >> reporter: biden agrees. >> the president is going to act. executive orderers, executive action that can be taken.orders can be taken.executive orderers action
on the dealt or deficit, no time now to debate gun control. biden said there's no time to waste. he called gun controlled a vo cats to the white house and vice president biden promised quick work by his task force. >> the president and i are determined to take action. >> reporter: almost a month after the the newtown massacre, 20 children killed, gun rights advocates are pushing back. some arguing teachers should be armed. >> the bad guys, they are chicken. they are not going...
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Jan 7, 2013
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this week's action further reduces the deficit i i i i $737 billion, making it one of the largest deficit reduction bills passed by congress on over a decade. i'm willing to do more. i believe we can find more places to cut spending without shortchanging things like education, job creation, research and technology all of which are critical for prosperity in a 21st century economy. spending cuts must be balanced with more reforms to our tax code. the wealthiest individuals and the biggest corporations should be able to take advantage of loopholes and deductions that aren't available to most americans. as i said earlier this week, one thing i will not compromise over is whether or not congress should pay its tab for building a party wrapped up. congress refuses to give in and seize the ability to pay its bills on time the consequences for the entire global economy could be catastrophic. last time our economy suffered for. our families and businesses cannot afford that dangerous game again. >> host: jim manley, let me ask you a specific question. will democrats go along with medicare and med
this week's action further reduces the deficit i i i i $737 billion, making it one of the largest deficit reduction bills passed by congress on over a decade. i'm willing to do more. i believe we can find more places to cut spending without shortchanging things like education, job creation, research and technology all of which are critical for prosperity in a 21st century economy. spending cuts must be balanced with more reforms to our tax code. the wealthiest individuals and the biggest...
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Jan 9, 2013
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if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay the bills. you go ahead, say congress committed this money. february 15th, interesting on the debt. 9 billion coming in $52 billion has to be paid. >> $2.5 trillion revenue coming into an annual basis, which equals what we spent in 2005. so you have to increase the debt ceiling because we continue to run deficits. >> so we need a budget to move forward. >> how about do that with the senate? >> we haven't had a budget for four years? >> christine, the only time we've
if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money...
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Jan 10, 2013
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a lot of kids may be showing attention deficit problems during the daytime. they have difficulty focusing in school. maybe acting up in school. not because they want to but because they are so tired, they don't know how to express themselves. so this is really something that needs to be paid attention to. really critical is especially if you have younger ones, getting into a sleep routine. you go to the bed at the same time and get up at the same time. even on the weekendses. no real sleeping in on the weekends. and putting into affect these calm down periods. sleep is not an on and off switch. you can't flick off a switch and the little one goes to sleep. if you are a parent you know what i'm talking about. taking away the electronic gadgets. reading with your child. helping your child get into that relaxed mode so they can go to sleep and that should start an hour before bedtime. >> all right. good advice. once again. thank you so much. >> thank you. >> and we will be right back. >>> this is fox 5 morning news. >> good thursday morning. i'm allison seymour.
a lot of kids may be showing attention deficit problems during the daytime. they have difficulty focusing in school. maybe acting up in school. not because they want to but because they are so tired, they don't know how to express themselves. so this is really something that needs to be paid attention to. really critical is especially if you have younger ones, getting into a sleep routine. you go to the bed at the same time and get up at the same time. even on the weekendses. no real sleeping...
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mcconnell, the head of the republican minority in the senate said what comes first is the debt and deficit. everything else is going to have to wait. there is going to be in the way. >> i don't know. i think they can walk and chew gum at the same time. maybe they can't. >> we will will see. >> maybe they can't. rosen, finally afghanistan, winding down the u.s. presence there. country is corrupt. remains so. karzai coming here. if you see karzai just check your wallet before you leave the room. because the guy is a weasel. we all know it. so what's going on there, rosen? >> well, the big decision that he is awaiting from the obama administration is how many u.s. troops the president is is going to leave in afghanistan after our combat mission in that country ends at the end of 2014. the pentagon was recommending 10 to 15,000 troops. now the obama administration is floating numbers like 6 to 9,000 and they refuse to rule out the zero option. >> bill: there must be a reason why they are doing that rosen because it doesn't make any sense. >> there is, behind the scenes the diplomats here in th
mcconnell, the head of the republican minority in the senate said what comes first is the debt and deficit. everything else is going to have to wait. there is going to be in the way. >> i don't know. i think they can walk and chew gum at the same time. maybe they can't. >> we will will see. >> maybe they can't. rosen, finally afghanistan, winding down the u.s. presence there. country is corrupt. remains so. karzai coming here. if you see karzai just check your wallet before...
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Jan 5, 2013
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pep the people with money are those they regard as untouchable and if they do that they'll reduce the deficit just as we did during the clinton administration. the clinton administration ran three or four different surpluses one after another because the income tax rate was high enough to pay for the needs of the government and the needs of the people, but look what they want to do instead. they want to cut social security benefit and they want to cut medicare benefits and the social security administration has run a profit every single year since it was created. medicare also runs a profit each year. it doesn't make any sense. they're basically trying to cut because of some sadistic attitude toward folks. >> the president has indicated he might be willing to cut medicare and also willing to make an adjustment to calculations used with social security. >> well, no. i think you have to be very specific about this when talking about this. what the president has generally indicated is to make these programs more efficient. i don't think the president has come out in favor of actual benefit cuts
pep the people with money are those they regard as untouchable and if they do that they'll reduce the deficit just as we did during the clinton administration. the clinton administration ran three or four different surpluses one after another because the income tax rate was high enough to pay for the needs of the government and the needs of the people, but look what they want to do instead. they want to cut social security benefit and they want to cut medicare benefits and the social security...
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Jan 8, 2013
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if the children don't have parents well, know we're starting from a deficit right now, then we got to figure out what can we do as elders, as people, even young people just to support each other. you know, like -- >> you know, i think it's a great point. i think also but the resources that permit people the time to parent correctly as well. join whatting common has brilliantly deconstructed there is you have latch key kids at home. they have to go homes because parents are working two, three jobs. if they stay home from one job to go get the report card, they get fired, and then they can't take care of that child. it's a tremendous affect there. from within i think the integrity of the black family certainly has to be -- you know, has to be strengthened and bolstered, but from without that point about reuters is the devastation and alienation. that alienation comes from economic opportunity that's been foreclosed, educational vistas that have been closed, and the possibility of seeing yourself as a human being. you can look at what happened in newtown, which we know is evil and horrif
if the children don't have parents well, know we're starting from a deficit right now, then we got to figure out what can we do as elders, as people, even young people just to support each other. you know, like -- >> you know, i think it's a great point. i think also but the resources that permit people the time to parent correctly as well. join whatting common has brilliantly deconstructed there is you have latch key kids at home. they have to go homes because parents are working two,...
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Jan 11, 2013
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so, for all the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it. three times. >> republican senators not the only one pushing back. independent bernie sanders is a no vote too many of the key advisors are linked to wall street. he would prefer to have somebody heading treasury who will, quote, stand up to corporate america. shep? >> shepard: jack lew cracked a joke about his famous signature. we reported on this yesterday. here is what his signature would like like on our paper money if he gets the gig. he recently learned that he had something in common with the outgoing secretary geithner. >> you know, i thought i knew you pretty well but it was only yesterday that i discovered that we both share a common challenge with penmanship. [ laughter ] >> shepard: secretary geithner actually changed his signature from the one on the top here to the one that made it on our money so that people could actually read his name. the president today said he almost reconsidered nominating jack lew after he saw that squiggly thing he calls a signat
so, for all the talk out there about deficit reduction, making sure our books are balanced, this is the guy who did it. three times. >> republican senators not the only one pushing back. independent bernie sanders is a no vote too many of the key advisors are linked to wall street. he would prefer to have somebody heading treasury who will, quote, stand up to corporate america. shep? >> shepard: jack lew cracked a joke about his famous signature. we reported on this yesterday. here...
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Jan 10, 2013
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there have got to be people initially happy with the post stroke deficit study. >> well, it's still a blinded study, jim. that means we have no idea who's done well on placebo versus drug, but we're going to find out pretty soon. we're getting the results of that trial in the second quarter of this year. we're very excited to see those results. >> i think people want to understand, it's not just everybody who has had a stroke. it's a particular kind of people who face a stroke problem, right? >> yeah, well, about half the people who have had a stroke wind up with permanent disabilities. as a result, reduced mobility, reduced ability to use their hands or arms. so we're looking at those people. it's of the seven million people who have had a stroke in this country, about half of them, 3.5 million or so have ongoing disability. to see if we can improve their function the way we're able to improve function in m.s. in m.s., we're improving walking in particular. >> i know there are a lot of people in this country who say, listen, the best way to treat people in that stroke condition is ph
there have got to be people initially happy with the post stroke deficit study. >> well, it's still a blinded study, jim. that means we have no idea who's done well on placebo versus drug, but we're going to find out pretty soon. we're getting the results of that trial in the second quarter of this year. we're very excited to see those results. >> i think people want to understand, it's not just everybody who has had a stroke. it's a particular kind of people who face a stroke...
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>> $4.7 trillion in deficit reduction. that's enough to stabilize the debt and get it on the downward path. that's got to be the goal. we get to debt below 7% below gdp and decline in the future. we have to do stuff that's real. no sense talking about, you know, just working it to edges. we have to make real cuts. one of things that's in that proposal, it is about $600 billion worth of cuts in health care programs. if we don't slow the rate of growth of health care, it is going to eat up the entire budget and virtually bankrupt the country. >> as you know, i'm an economic illiterate. >> sure. >> i keep reading we is v a campaign to fix the debt from paul krugman who is always slashing and cutting at and you al simpson and commission and the commission's recommendation. >> sure. >> saying that's not the big priority. the big priority is employment the big priority is more governor expenditures to create employment. what do you have to say to that? >> i say if we don't fix this debt, if we don't reduce our spending, then we
>> $4.7 trillion in deficit reduction. that's enough to stabilize the debt and get it on the downward path. that's got to be the goal. we get to debt below 7% below gdp and decline in the future. we have to do stuff that's real. no sense talking about, you know, just working it to edges. we have to make real cuts. one of things that's in that proposal, it is about $600 billion worth of cuts in health care programs. if we don't slow the rate of growth of health care, it is going to eat up...
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Jan 7, 2013
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we have to take a balanced approach to long-term deficit reduction meaning additional cuts and remember last year the president signed into law more than $1.5 trillion in cuts. 100% cuts. as a result of avoiding the fiscal cliff we raised about $730 billion in revenue from very high income individuals. as we go forward we need to adopt the same frame work as the
we have to take a balanced approach to long-term deficit reduction meaning additional cuts and remember last year the president signed into law more than $1.5 trillion in cuts. 100% cuts. as a result of avoiding the fiscal cliff we raised about $730 billion in revenue from very high income individuals. as we go forward we need to adopt the same frame work as the
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we want to talk about future spending cuts and future deficit reduction. that's entirely separate conversation. in fact, democratic house leader nancy pelosi says the president should side step the fake fight altogether and vote the 14th amendment. we're back after the break. and invoke the 14th amendment. we're back after the break. now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? rogaine? well, i'll admit it. i was skeptical at first. but after awhile even my girlfriend noticed a difference. [ male announcer ] rogaine is proven to help stop hair loss. and for 85% of guys, it regrew hair. save up to 42% now at rogaine.com. >> announcer: ladies and gentlemen, it's a "the stephanie miller show." ♪ i'm walkin' on sunshine ♪ ♪ i'm walkin' on sunshin
we want to talk about future spending cuts and future deficit reduction. that's entirely separate conversation. in fact, democratic house leader nancy pelosi says the president should side step the fake fight altogether and vote the 14th amendment. we're back after the break. and invoke the 14th amendment. we're back after the break. now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you...
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and almost nothing to reduce deficits over the next ten years. we could have had a stimulus package to have short-term economic growth which was talked about. we did nothing to do that. we did nothing to help reform entitlements. we could have put these endless budget fights behind us so we could get on to talk about immigration. we didn't do that either. we're going to have a sequestration fight, a debt ceiling fight. we're going to spend the next months, at least, having these fights again and again and again. so this deal to me fails on every single front. and leaves us worse off. >> woodruff: are you that negative about it. >> no, i mean, i feel like poly go lightly compared to david, you know, i'm just, listen to him, i'm ready to slit my wrist force goodness sakes. i don't think it was-- when both sides basically admit seemingly that they lost, it is probably not a great victory for anybody. the president insisted on going in. there had to be 1.6 trillion in new revenues. john boehner at 800 billion. and they go to00 billion. that's not exa
and almost nothing to reduce deficits over the next ten years. we could have had a stimulus package to have short-term economic growth which was talked about. we did nothing to do that. we did nothing to help reform entitlements. we could have put these endless budget fights behind us so we could get on to talk about immigration. we didn't do that either. we're going to have a sequestration fight, a debt ceiling fight. we're going to spend the next months, at least, having these fights again...